Brother Hao's Cryptocurrency Talk: Litecoin (LTC) Latest Trend Analysis

Family, today I want to chat with everyone about Litecoin (LTC). Recently, Litecoin has been quite the focus in the cryptocurrency market. I have researched the latest market data and will analyze from the perspectives of technical analysis, fundamentals, and the macro environment to see if it will rise or fall next.

Starting with technical analysis, the resistance level is in the range of 125 - 126 USD. Litecoin has tried several times to break through but has not succeeded, as if there is a wall blocking it. However, if one day it really breaks through, there is another range of 130 - 148 USD above. Once it breaks through, the main upward wave may come, and if you catch this wave, the returns could be substantial.

Next, looking at the support level, 120 - 123 USD is the short-term dividing line between bulls and bears. If the price is above this, the bulls still have a chance, but if it falls below, the bears are likely to exert pressure. The range of 115 - 110 USD is the cost area for long-term holders. If the price retraces to this level, long-term holders may start buying, providing some support for the price.

Now, let's take a look at the technical indicators. The RSI is currently at 55 - 60, indicating that the market is in a neutral state, not yet overbought, but momentum is weakening a bit. The MACD green bars have just emerged, and a golden cross has not yet formed. Everyone needs to keep an eye on this; if it breaks out with volume and forms a golden cross, it could be a buy signal. If the green bars continue to grow, the price may need to adjust downward. The Bollinger Bands show that the price has retreated after hitting the upper band, and it needs to hold the middle band support at 110 USD. If it stabilizes, the opening of the Bollinger Bands upward will help the price rise; if it cannot stabilize, the Bollinger Bands will constrict, and the price may oscillate within a range.

Today, Brother Hao gives everyone an operational guide: go long around 117.50 - 118.60 USD, targeting 120.12 - 126.55 USD.